The Bank of England and City watchdog have launched a coordinated attack on Rishi Sunak’s plan for a call-in power which would allow the Government to overrule their decisions, in a sign of growing tensions between regulators and Downing Street.
Rishi Sunak is expected to pledge to “stand by” hardworking families and set out further plans to support people with the rising cost of living when he unveils his spring statement later.
The Bank of England is set to raise interest rates on Thursday as inflation in the UK continues to bite. City economists widely expect the central bank to increase its key rate from 0.25 percent to 0.5 percent in response to inflation hitting levels not seen for almost 30 years. It comes after the official […]
